Dynamic Trader Forex Blog FXCPS.co.uk

The Dynamic Trader Forex Blog

Sunday, 21 December 2008

Good evening Dynamic Traders,

Ihope you have all had a good weekend and are getting ready for the approaching holiday and festive period.

Tonights chart, the GBPAUD, is one to keep a close eye on as it is in a R/S zone with all the areas not shown here. It has just hit a normal TJ's elipse in Adv. Get. with the longer term one not too far away, however there is a good fib. cluster at the lower end of the zone, together with the '000', we do have a candle stick formation at present on the daily together with some other confluences, and if it decides to go north from here or that little further south a good entry is critical on this pair due to its high movement during a day.

As always please do your own analysis and use good management .






Enjoy your Trading,
Clayton Farnworth.

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